Dubai’s Al Maktoum airport delayed due to economic issues: Bloomberg
Dubai’s Al Maktoum airport has been put on hold due to economic issues, as per the latest report published by Bloomberg, citing unnamed sources familiar with the matter. The numbers related to tourism activity aren’t encouraging either and the authorities have delayed the construction plans. Dubai’s Al Maktoum airport has been planned as the largest airport in the world with capacity of handling more than 250 million passengers every year.
Dubai has projected itself successfully as travel destination and the airport already ranks among the top in the world in terms of passenger traffic. With the current delays, the construction of first phase of the Dubai’s Al Maktoum airport has been pushed to October 2030.
Talking about the issue, Dubai Airports said that it is reviewing the long-term master plan and that exact timelines and details of next steps are not as yet finalized.
Dubai is also facing tough times on the economic front as the economy grew at its slowest pace in last 9 years. The current airport has more capacity than the passengers it serves on a yearly basis. With the new airport, Dubai Airports aims to serve more airlines.
New Zealand News
- Donaco International reports H1 net loss of AU$59 million, showing significant year-on-year improvement
- Why the NZ Dollar Could Have a Very Bright Future
- Sydney’s Star Casino fined $90,000 for allowing minors to gamble in 2019
- Danville Casino Campaign being led by former Caesars CEO Tony Rodio
- Gaming regulators in no mood to allow Imperial Pacific to walk away from financial obligations